Jim Cramer Says "Dell's Incredibly Cheap Versus Last Quarter"

Dell Technologies Inc. (NYSE:DELL) is one of the 14 stocks on Jim Cramer’s radar. During the episode, Cramer said that Dell Technologies Inc. (NYSE:DELL) is “incredibly cheap” compared to its previous quarter. He commented:

“So traders say if I can’t make money after Broadcom reporting a great quarter, the playbook says time to move into the lower quality, cheaper stocks that are less likely to disappoint or should never have been down to begin with. I understand the sentiment, but the problem is that these stocks have already rallied pretty hard, too. Take Dell. It reported an excellent quarter on May 29th… Stock initially failed to rally, but that’s because it had run up into the quarter…

Now, this kind of rotation could be a good one. The stocks that are rallying are excellent. They may be just playing catch-up. It’s a heavily broadening out of the winners, right? Remember when it was just the Mag Seven? We’ve come a long distance, but what comes after this could be treacherous. I’ve seen the end of rallies, and they often take up the laggards last. After it happens, if we have good news, everything’s fine. However, if there’s any degradation in the numbers, it could get very ugly. Right now we’re fine. I think Dell’s incredibly cheap versus last quarter. The stock can go up 10 points before I would even think about worrying about it.”

Dell (NYSE:DELL) provides integrated technology solutions, including storage systems, servers, networking products, and end-user devices such as laptops and peripherals. The company also offers software, consulting, financing, and support services tailored for businesses, institutions, and individual consumers across diverse sectors.

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